Canada sees modest job growth in August
The Canadian unemployment rate remained steady at 7.3% in August, according to the latest Statistics Canada Labour Force report. Our economy added 34,000 jobs last month, exceeding the predictions of most economists. This offsets the over 30,000 jobs that were shed in July.
Year-over-year, employment has increased by 1.0% or 177,000 jobs, with most of the gains seen in March and April. Almost all of those job gains have been full-time positions.
Regionally:
Employment in August was up in Quebec, British Columbia, Saskatchewan and Manitoba, and it was down in Ontario and Prince Edward Island. Employment in the other provinces remained fairly constant.
By Sector:
The transportation and warehousing; professional, scientific and technical services; business, building and other support services as well as in natural resources industries all say job gains last month. There were fewer people working in construction, information, culture and recreation.
Demographically:
In August, people over 55 saw increased employment, while there were further declines of roughly 22,000 positions for young people aged 15 to 24.
